Financial Highlights

*) Restated

Description 2021 2020* 2019* 2018* 2017
Details
Revenues 12,224.13 16,190.46 31,387.39 48,788.95 45,212.90
Cost of Revenues (10,325.64) (15,136.02) (28,095.02) (40,711.00) (35,749.37)
Gross Profit (Loss) 1,898.49 1,054.43 3,292.37 8,077.95 9,463.53
Profit (Loss) Before Financial Charges, Equity in Net Income of Associates and Joint Ventures 4,075.57 (3,498.73) 1,628.65 6,526.79 6,526.60
Profit (Loss) for the year (1,838.73) (9,287.79) (2,768.51) 3,068.46 4,201.57
Other Comprehensive Income (Expenses) for the Year 120.58 26.05 (66.14) 305.54 (24.79)
Total Comprehensive Income (Loss) for the Year (1,718.15) (9,261.74) (2,834.63) 3,373.99 4,176.78
Profit (Loss) Attributable to:
Owners of the Parent Entity (1,096.21) (7,359.68) (2,121.48) 2,665.56 3,881.71
Non-Controlling Interest (742.52) (1,928.11) (647.01) 402.90 99.81
Total Comprehensive Income (Loss) Attributable to:
Owners of the Parent Entity (975.63) (7,333.63) (2,187.62) 2,971.10 3,856.92
Non-Controlling Interest (742.52) (1,928.11) (647.01) 402.90 319.86
Earnings (Loss) per Share (in full Rupiah) (41.66) (542.19) 69.11 291.95 284.14
ASSETS
Cash and Cash Equivalents 13,165.76 1,213.44 9,258.31 10,845.68 6,088.96
Short-term Investments 47,28 239.01 8.45 8.45 8.45
Accounts Receivables - Net 2,907.08 3,559.69 3,555.89 3,768.19 1,871.07
Retention Receivables - Net 1,647.92 1,226.54 1,783.13 1,333.87 1,050.93
Other Current Receivables - Net 1,075.27 6,870.64 8,399.16 8,767.95 10,200.14
Joint Ventures receivables 225.29 128.30 3,302.63 659.66 1,011.05
Inventories 4,355.13 3,823.73 4,470.85 4,697.91 3,235.50
Gross Amount Due from Customers 9,305.66 9,137.26 14,171.18 31,506.73 25,020.66
Financial Asset From Concession Project - Current Portion 6.20 4.05 13.13 13.13 9.18
Prepaid Taxes 1,671.73 1,033.90 2,639.16 2,744.22 2,174.28
Advances and Prepayments 1,181.77 1,518.72 1,435.96 1,408.02 1,756.79
Total Current Assets 42,588.61 28,755.28 49,037.84 65,715.99 52,427.02
Non Current Assets
Investment in Associate Entity and Joint Venture 4,000.74 6,866.92 5,384.49 6,651.47 3,449.34
Non-Current Account Receivables - - - - -
Other Non-Current Receivables 67.24 69.70 109.15 76.86 40.37
Non-Current Gross Amount Due from Customers - - - - -
Investment Properties 317.54 310.15 310.15 126.28 66.55
Long-term Investments 868.52 780.24 446.76 347.82 287.62
Fixed Assets - net 5,413.15 7,819.65 8,663.22 6,893.68 4,742.29
Right to Use Assets 68.83 127.62 - - -
Goodwill 1,393.32 1,995.91 1,995.91 1,995.91 2,235.78
Intangible Asset - Toll road Concession rights 48,143.91 53,871.28 55,378.83 40,233.25 33,932.68
Financial Asset From Concession Project 338.40 344.60 339.02 381.62 345.60
Deferred Tax Assets 37.41 520.77 1.54 1.56 43.92
Other Assets 363.96 343.35 922.34 485.45 324.59
Total Non-current Assets 61,013.00 73,050.20 73,551.42 57,193.90 45,468.74
Total Assets 103,601.61 105,588.96 122,589.26 122,909.89 97,895.76
LIABILITIES
Current Liabilities
Accounts Payable 7,602.63 13.101,81 12,381.18 14,993.20 14,098.18
Short-Term Bank Loans 4,210.23 24,870.59 22,162.36 27,959.25 24,291.48
Loan to Financial Institutions Non-Bank - - - 392.62 1,588.72
Short-term Gross Amount Due to Short-term of Subcontractor 1,441.44 1,407.63 2,688.90 6,476.52 10,027.54
Accrued Expenses 2,919.37 1,563.82 720.63 706.78 513.24
Short-term Taxes Payables 2,537.83 1,106.64 1,381.84 2,007.55 227.79
Advances on Short-term Contracts 594.66 699.90 364.29 287.68 233.52
Current Maturity of Long-term Bank Loans 315.28 1,220.25 833.00 416.50 5.39
Debt Purchases of Fixed Assets Current Portion - - 0.01 0.20 0.24
Short-Term Medium Term Notes - 300.00 733.00 812.20 720.06
Short-Term Bonds Payable - Net 7,020.96 2,835.44 3,264.99 1,999.29 -
Other Short-Term Liabilities 653.23 1,228.52 493.30 825.24 603.03
Current Maturities Long Term Lease Liabilities 4,66 30,38 - - -
Total Current Liabilities 27,300.29 48,564.87 45,023.50 56,877.02 52,309.20
Non-Current Liabilities
Long-Term Bank Loans 49,171.95 23,086.34 29,325.15 20,725.25 8,665.51
Long-Term Joint Venture Payable 1,033.54 970.23 773.43 671.61 694.72
Long Term Loan to Financial Institution Non-Bank 2,360.44 2,901.64 1,846.59 161.79 304.35
Long-term Gross Amount 621.58 771.73 1,361.07 2,225.14 -
Advances on Long-term Contract 406.60 407.60 165.91 262.90 547.59
Deferred Tax Liabilities 5.67 7.29 28.64 54.36 43.05
Long-Term Taxes Payable 851.40 725.30 193.16 805.41 1,067.59
Long-term Lease Liabilities 60.86 60.76 - - -
Other Long-term Payable 1,525.81 2,025.48 1,876.41 1,549.14 2,339.19
Long-Term Medium Term Notes 250.00 - 300.00 300.00 -
Long-Term Bond Payable – net 4,476.59 9,728.16 12,422.42 11,849.36 9,045.26
Debt Purchase of Fixed Assets Long-term Portion - - - 0.01 0.24
Employee Benefit Liabilities 65.44 89.05 154.51 72.77 124.24
Total Non-current Liabilities 60,839.89 40,773.57 48,447.30 38,704.74 22,831.74
Total Liabilities 88,140.18 89,011.41 93,470.79 95,581.76 75,140.94
EQUITY
Share Capital 2,631.59 1,357.40 1,357.39 1,357.39 1,357.39
Additional Paid-in Capital 12,495.84 5,849.53 5,552.03 5,552.03 5,467.02
Retained Earnings
Appropriated 1,732.19 1,732.10 1,672.39 1,583.50 920.94
Unappropriated (7,693.33) (6,525.52) 8,561.02 7,451.36 5,760.14
Other Component of Equity 903.49 782.90 739.58 761.76 500.95
Total Equity Attributable to:
Owners of Parent 10,069.77 3,196.41 17,882.41 16,706.03 14,006.44
Non-controlling Interest 5,391.66 8,232.70 11,236.06 10,622.10 8,748.39
Total Equity 15,461.43 11,429.11 29,118.47 27,328.13 22,754.82
Total Liabilities and Equity 103,601.61 100,767.65 122,589.26 122,909.89 97,895.76
Description 2021 2020 2019 2018 2017
Details
CONSOLIDATED STATEMENTS OF CASH FLOWS
Cash flows from Operating Activities 192.78 411.06 9,014.25 4,011.54 (5,959.56)
Cash Flows from Investing Activities (1,542.25) (1,056.08) (14,924.74) (18,768.15) (19,238.72)
Cash Flows from Financing Activities 13,334.21 (7,407.07) 4,334.94 19,691.08 20,630.92
Net Increase (Decrease) in Cash and Cash Equivalents 11,984.75 (8,052.09) (1,575.55) 4,934.47 (4,567.36)
Profit (Loss) in Cash and Foreign Exchange Rate (8.64) 17.24 (11.82) 11.11 0.33
Effect on Disposal of Subsidiaries on Cash and Cash Equivalents (23.79) (10.03) - (188.87) -
Cash and Cash Equivalents at the Beginning of Year 1,213.44 9,258.31 10,845.68 6,088.96 10,656.00
Cash and Cash Equivalents at the End of Year 13,165.76 1,213.44 9,258.31 10,845.68 6,088.96
Description 2021 2020* 2019* 2018* 2017
Details
FINANCIAL RATIOS (IN %)
Return on Assets (1.77) (9.22) 0.84 3.71 4.29
Return on Equity (11.89) (81.26) 9.21 15.99 18.46
Net Profit Margin (15.03) (57.37) 3.28 9.47 9.29
Current Ratio 0.48 0.32 1.09 1.18 1.00
Debt to Assets Ratio 0.85 0.88 0.76 0.77 0.77
Debt to Equity Ratio 5.70 7.82 3.21 3.31 3.30
Description 2021 2020 2019 2018 2017
Details
OPERATING HIGHLIGHTS
Total Won Tender (in billion rupiah) 15.304,28 21,461.12 15,884.88 12,200.29 22,060.72
Percentage of Won Tender (in %) 42.17 54.59 52.53 28.08 49.97
Total New Contracts (in Billion Rupiah) 20,493.56 27,003 26,081 27,216 55,834